Wealth Management

In my opinion most individuals have a “Disconnect” between their Financial Planner and their Tax Advisor.


My philosophy is a blended one that unites asset allocation, diversification of your investments, combined with Tax Diversification or Tax Allocation. Money is a tool, and like any other tool if used properly, has the greater potential to do the job it was intended to do.


I have seen many people try to get as much of a return as possible on their investments to make up for lost time and the last 10 years in the stock market. This type of thought process, in most cases, can place an individual’s portfolio nest egg at unnecessary risk.

Asset Allocation versus Retirement Income Planning


Most individuals that have accumulated retirement assets invest these assets in an Asset Allocation Portfolio. These portfolios can often consist of Stocks, Bonds, Exchange-Traded Funds (ETFs) or Mutual Funds. Although these portfolios are actively managed, I believe it isn’t enough.  This process may lower financial risk BUT does not prevent it!

It has been my experience that this is the total strategy that most have in place for retirement. It does not address what I consider to be the other 3 vital components of Retirement Planning, which are:

 

  1. Preservation of Capital
  2. Sustainable Income Streams (that meet your retirement income needs)
  3. Tax Allocation - Let me inform you of the taxes you may be subject to in retirement and see what mixture of tax sheltered, tax advantaged and taxable financial products might best suit you.

 

Asset Allocation and Retirement Income Planning do not assure or guarantee better performance and cannot eliminate the risk of investment losses.